Overview
What is Forekids Foundations Inc?
The Forekids Foundations Inc Dba Zurich Classic of New Orleans is a local nonprofit organization, based in Avondale, Louisiana (70094). Their primary mission revolves around enhancing the social welfare of New Orleans' community through the promotion, management, and sponsorship of an annual PGA Tour golf tournament. Net proceeds from this event are channeled towards contributing to other 501(C)(3) organizations, as per the schedule I. The team at Forekids Foundations comprises eight dedicated individuals.
Official website here: www.forekidsfoundation.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Forekids Foundations Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial integrity. The organization scored exceptionally well in all evaluated criteria, particularly in accountability, with a perfect score in governance and oversight. This high rating indicates that donors can trust the organization to use its resources effectively and responsibly.
The foundation boasts a fully independent board, comprised entirely of 16 members, and adheres to best practices with established policies such as conflict of interest and whistleblower protections. The organization demonstrates solid financial health, evidenced by a low liabilities-to-assets ratio and a high program expense ratio, which suggests that a significant portion of its funding is directed toward its programs and services.
While the rating highlights the organization’s strengths, it is essential for potential donors to consider how these financial metrics translate into impact on the ground. As with any nonprofit, ongoing transparency and consistent performance will be key in maintaining this high level of trust and support from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Forekids Foundations Inc legitimate?
Forekids Foundations Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forekids Foundations Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $518,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $376,787
For more financial information, click here
Official website here: www.forekidsfoundation.com
What is the mission statement of Forekids Foundations Inc?
The Forekids Foundations Inc, also known as Zurich Classic of New Orleans, prioritizes the betterment of the community through the promotion, management, and sponsorship of an annual PGA Tour golf tournament. The primary objective of this foundation is to foster social welfare by organizing this charitable event. The golf tournament generates significant proceeds that are then contributed to various 501(c)(3) organizations for their continued support and initiatives. The foundation's mission goes beyond just golf, as it seeks to make a positive impact on the community by allocating its resources effectively.
Official website here: www.forekidsfoundation.com
Who is the CEO of Forekids Foundations Inc?
Steve Worthy is the Director of Forekids Foundations Inc. The CEO's salary of Forekids Foundations Inc is $378,000 and their total compensation is $435,714.
Official website here: www.forekidsfoundation.com
What is the revenue of Forekids Foundations Inc?
Forekids Foundations Inc's revenue in 2022 was $16,554,167.
Official website here: www.forekidsfoundation.com
Who are the executives of Forekids Foundations Inc and what are their salaries?
The average compensation at Forekids Foundations Inc during 2022 was $111,848. There are 8 employees and 1000 volunteers at Forekids Foundations Inc.
Here are 18 key members and their salaries (Forekids Foundations Inc's CEO's salary is $378,000 and their total compensation is $435,714):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $175,000
- Related: $0
- Other: $26,748
- Compensation: $378,000
- Related: $0
- Other: $57,714
Official website here: www.forekidsfoundation.com
Where can I find the form 990 for Forekids Foundations Inc?
Forekids Foundations Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.forekidsfoundation.com
Learn more at the official website: www.forekidsfoundation.com
Mission Statement of Forekids Foundations Inc
Forekids Foundations Inc Dba Zurich Classic of New Orleans is a charitable organization with a mission to enhance the social well-being of the New Orleans community. They achieve this goal by organizing, managing, and sponsoring an annual PGA Tour golf tournament. This event is their primary means of generating funds, which are then distributed to other nonprofit organizations.
Through the Zurich Classic of New Orleans golf tournament, Forekids Foundations Inc Dba Zurich Classic of New Orleans promotes community development and support. The tournament attracts numerous spectators and golf professionals, creating a platform for raising awareness and funds for various social causes. The net proceeds from the event are contributing significantly to the financial growth of other 501(c)(3) organizations. The exact recipients of these grants and other forms of assistance can be found in Schedule I.
The foundation's dedication to the welfare of the New Orleans community is evident through their annual golf tournament. By bringing together golf enthusiasts, volunteers, and sponsors, they create an engaging and impactful event that benefits the community in various ways. The tournament's success is a testament to Forekids Foundations Inc Dba Zurich Classic of New Orleans' commitment to making a positive difference in the lives of New Orleanians.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Forekids Foundations Inc. significantly enriches the community of New Orleans by organizing and sponsoring an annual PGA Tour golf tournament. This event not only draws attention to the region but also generates net proceeds that are directed to support various 501(c)(3) organizations. Through these contributions, the foundation actively promotes social welfare, addressing various community needs and enhancing the quality of life for residents. By leveraging the excitement and prestige of professional golf, Forekids Foundations Inc. fosters a spirit of philanthropy, creating lasting impacts on local initiatives and programs.
This information is meant to be a general summary of Forekids Foundations Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $253,555
- Program Service Revenue: $14,881,433
- Gross Receipts: $16,585,003
Assets and Liabilities:
- Total Assets: $11,128,381
- Total Liabilities: $4,824,919
- Net Assets: $6,303,462
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TOURNAMENT
Revenue
$14,764,463
MEMBERSHIP DUES
Revenue
$116,970
Organization Details
Founding Year
1958
Phone
(504) 342-3000Principal Officer
Steve Worthy
Main Address
11005 LAPALCO BLVD, AVONDALE, LA, 70094
Website
www.forekidsfoundation.comNTEE Category
Code: T22Z - Philanthropy
If you are a representative of Forekids Foundations Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.